Clarendon Estate Planning Lawyer, New York, page 3

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Abraham Michelson
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The Michelson Law Office
203 North Lasalle Street Suite 2100 Chicago, IL 60601Â» view map
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1. Abraham Michelson Chicago, IL
  Attorney at Law - Illinois, 2013
  Thomas Cooley, JD, 2004
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Includes: Gift Taxation

Eugene Vanvoorhis

Land Use & Zoning, Wills & Probate, Estate Planning, Estate

Status: In Good Standing

CONTACT

300 Linden Oaks, Rochester, NY 14625

David Christopher Reid

Business Organization, Business Successions, Elder Law, Gift Taxation

Status: In Good Standing

CONTACT

65 Monroe Ave, Pittsford, NY 14534

Judith Holender

Elder Law, Trusts, Estate Planning, Estate Administration

Status: In Good Standing Licensed: 41 Years

CONTACT

290 Linden Oaks, Rochester, NY 14625

Philip Stephen Chamot

Real Estate, Estate Planning, Estate, Commercial Bankruptcy

Status: In Good Standing Licensed: 37 Years

CONTACT

76 West Ave, Lockport, NY 14094

Kirsten W. Lamb

Wills & Probate, Estate Planning

Status: In Good Standing

CONTACT

421 Penbrooke Drive, Penfield, NY 14526

Deborah Muhlbauer

Estate Planning, Tax

Status: In Good Standing

CONTACT

333 International Dr, Buffalo, NY 14221

John P Robshaw

Real Estate, Trusts, Estate Planning, Business Organization

Status: In Good Standing Licensed: 62 Years

CONTACT

5672 Main St, Buffalo, NY 14221

Nathan A Shoff

Divorce, Wills & Probate, Business, Estate Planning

Status: In Good Standing

CONTACT

102 Main Street, Bloomfield, NY 14469

Linda Grear

Estate Planning, Wills

Status: In Good Standing

CONTACT

43 Central Avenue, Lancaster, NY 14086

Michael Timothy Dwan

DUI-DWI, Traffic, Wills & Probate, Estate Planning

Status: In Good Standing

CONTACT

5136 Transit Rd, Depew, NY 14043

800-923-0641

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LEGAL TERMS

SPRINKLING TRUST

A trust that gives the person managing it (the trustee) the discretion to disburse its funds among the beneficiaries in any way he or she sees fit.

INTESTATE

The condition of dying without a valid will. The probate court appoints an administrator to distribute the deceased person's property according to state law.

STATUTORY SHARE

The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceas... (more...)

The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceased spouse's property, but in some states the exact amount of the spouse's share depends on whether or not the couple has young children and, in a few states, on how long the couple was married. In most states, if the deceased spouse left a will, the surviving spouse must choose either what the will provides or the statutory share. Sometimes the statutory share is known by its more arcane legal name, dower and curtesy, or as a forced or elective share.

PER STIRPES

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living children of his or her own. F... (more...)

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living children of his or her own. For example, Fred leaves his house jointly to his son Alan and his daughter Julie. But Alan dies before Fred, leaving two young children. If Fred's will states that heirs of a deceased beneficiary are to receive the property 'per stirpes,' Julie will receive one-half of the property, and Alan's two children will share his half in equal shares (through Alan by right of representation). If, on the other hand, Fred's will states that the property is to be divided per capita, Julie and the two grandchildren will each take a third.

GRANTOR RETAINED INCOME TRUST

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for ... (more...)

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for a period of years. When the trust ends, the property goes to the final beneficiaries you've named. These trusts are for people who have enough wealth to feel comfortable giving away a substantial hunk of property. They come in three flavors: Grantor-Retained Annuity Trusts (GRATs), Grantor-Retained Unitrusts (GRUTs) and Grantor-Retained Income Trusts (GRITs).

HOLOGRAPHIC WILL

A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many stat... (more...)

A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many states, making a holographic will is never advised except as a last resort.

INCOMPETENCE

The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at ... (more...)

The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at which the person is present and/or represented by an attorney. A finding of incompetence may lead to the appointment of a conservator to manage the person's affairs. Also known as 'incompetency.'

SUCCESSION

The passing of property or legal rights after death. The word commonly refers to the distribution of property under a state's intestate succession laws, which d... (more...)

The passing of property or legal rights after death. The word commonly refers to the distribution of property under a state's intestate succession laws, which determine who inherits property when someone dies without a valid will. When used in connection with real estate, the word refers to the passing of property by will or inheritance, as opposed to gift, grant, or purchase.

TRUST CORPUS

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, t... (more...)

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, that money is the corpus. Sometimes the trust corpus is known as the 'res,' a Latin word meaning 'thing.'

SAMPLE LEGAL CASES

Schneider v. Finmann

... maintain an action for legal malpractice. We now reverse and reinstate plaintiff's claim. Strict privity, as applied in the context of estate planning malpractice actions, is a minority rule in the United States. [1] In New York, a third ...

Fielding v. Kupferman

... The documents at issue in Bishop were estate planning instruments executed by the plaintiff who believed that he was giving his wife a life estate and was not limiting his access to his life savings (Bishop, 33 AD3d 497, 501 [2006], affd 9 NY3d 910 [2007]). ...

Kram Knarf, LLC v. Djonovic

... The client's malpractice complaint was silent as to how the attorneys misled him, what they failed to explain to him concerning the estate planning documents he executed, and which of his instructions those documents did not reflect (33 AD3d at 498-499). ...

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Clarendon Estate Planning Lawyer, New York, page 3

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Eugene Vanvoorhis

David Christopher Reid

Judith Holender

Philip Stephen Chamot

Kirsten W. Lamb

Deborah Muhlbauer

John P Robshaw

Nathan A Shoff

Linda Grear

Michael Timothy Dwan

TIPS

LEGAL TERMS

SPRINKLING TRUST

INTESTATE

STATUTORY SHARE

PER STIRPES

GRANTOR RETAINED INCOME TRUST

HOLOGRAPHIC WILL

INCOMPETENCE

SUCCESSION

TRUST CORPUS

SAMPLE LEGAL CASES

Schneider v. Finmann

Fielding v. Kupferman

Kram Knarf, LLC v. Djonovic

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